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Topic: What determines the price of btc: information or charts - page 2. (Read 247 times)

member
Activity: 420
Merit: 11

When viewed from year to year, it can be concluded that the influence of bitcoin prices is influenced by, 90% of News (good or bad) 10% Technical analysis.
full member
Activity: 448
Merit: 124
There are not certain things for price changes. It depends on investment from big investors. There will be always bad or good news, sometimes it will go with it sometimes it will go reversal, otherwise it wouldn't be profitable, if it would be easy to understand. This makes bitcoin or other altcoins these much profitable. At the end, Technical Analysis gives you some idea to invest. It wont be certain but it should help you like Exponential Moving Average (EMA).
newbie
Activity: 70
Merit: 0
Can you tell me what affects the price of btc ?
Why is the price up or down?
Most of you would advise me to learn how to read charts.
So the price of btc up or down depends on the chart ?
Bad news is over, why btc prices can not increase again? The fear of new investors may be a reason. Since btc is not a real company, we can not have financial statements to buy or sale.
Price up from 6k to 7k this morning. why the price go up ? i'm confused now.
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